The world’s dominant streaming service, Netflix, has announced its planned acquisition of Warner Bros with a deal valued at US$82.7 billion (A$124.5 billion).
The acquisition has provoked criticism from film fans, the creative community and the United States government, including concerns for the future of filmgoing. News of the acquisition was also followed by a hostile bid (a bid that goes directly to shareholders, not the board), from Paramount Skydance.
